European stock markets are sharply in the red. The CAC 40 is down 1.17% at 8,131 points, while the Euro Stoxx 50 falls 0.75% to 5,850 points. London and Frankfurt are respectively losing 0.75% and 0.54%.
Geopolitically, the feeling of stalemate is dominant. Donald Trump, after indefinitely extending the ceasefire between Washington and Tehran, yesterday announced an additional three-week truce between Israel and Lebanon.
In late morning trading, the Brent barrel is up 1.07% at $107.09.
In this tense context, French household confidence continues to deteriorate. Weakened by the war in the Middle East, it has reached its lowest level since the beginning of the conflict in Ukraine, according to Insee. The indicator fell by 5 points in April to 84, after a first decline to 89 the previous month, further moving away from its long-term average (100 between January 1987 and December 2025). This is its lowest level since May 2023.
In Germany, business confidence also deteriorated more than expected in April, amid persistent tensions related to the conflict in Iran, according to the monthly survey by the Ifo institute released last Friday. The index stands at 84.4, down from 86.3 in March (revised down from an initial estimate of 88.6), while economists had expected an average of 86.6. This is its lowest level since May 2020, during the pandemic.
Traders will be watching the University of Michigan consumer confidence index at 4:00 p.m.
Moving values include Bureau Veritas (1.99%) and TotalEnergies (1.44%) leading the CAC 40, while Renault (-3.24%) is in second-to-last place in the French index. The automaker is heading towards a fifth consecutive session of decline. Forvia (-4.78%) and Valeo (-4.60%) are also under pressure after a decrease in their activity in the first quarter.
Additionally, Spie (7.13%) shines at the top of the SBF 120 index, the electrical and mechanical engineering specialist having announced a less pronounced production decline than anticipated. Spie is followed by Seb (5.48%) which reported a 42% increase in operating profit to 72 million euros. At the Stockholm Stock Exchange, Electrolux (-23%) is heavily penalized after a disappointing quarter.
In the foreign exchange market, the euro is slightly up by 0.02% against the dollar at 1.1686 USD.
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